Public Key

Stopping Pig Butchering and Crypto Scam Epidemic


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Investment schemes, pig butchering and romance scams are plaguing the crypto industry and in this episode Ian Andrews (CMO, Chainalysis) finds out from Nicola Staub (CEO and Co-Founder, CYBERA) how the crypto industry can fight back.


Nicola discusses CYBERA's mission to combat crypto scams and fraud by providing a platform for victims to report incidents and for financial institutions, crypto exchanges and law enforcement to share information and data. 

Nicola emphasizes the importance of speed in preventing and recovering assets lost to scams and highlights the role of financial institutions and messaging and dating app service providers in the fight against fraud. 

He warns the industry about the growing use of AI by scammers and the need for a collaborative approach to combat the use of deepfakes in crypto scams.

Minute-by-minute episode breakdown
  • (2:15) - Nicola's background as a prosecutor and passion for fighting scams led to CYBERA
  • (6:40) - Lack of resources and technology in law enforcement
  • (8:25) - The scale of CYBERA’s impact and partnerships
  • (12:27) - Shift in fraud methods, from wire transfers to business email compromise and investment scams
  • (17:50) - CYBERA’s approach to information sharing and prevention 
  • (22:21) - Differentiating CYBERA from crypto recovery companies
  • (31:50) - The impact of AI on scams and deepfakes
  • Related resources

    Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key.

    • Website: CYBERA:Intelligence for Impact - Premier Scam Reporting and Asset Recovery Platform
  • Blog: Glossary of Scams
  • Blog: FAQs: Learn about how CYBERA solves common, yet complex, scams.
  • Article: CYBERA helps 9200 scam victims and recovers $4.3M stolen by scammers
  • Article: AI Deep Fakes and Crypto Scams
  • Event: Chainalysis Links Conference NYC 2024 (Apr. 9-10, 2024) - Early Bird Pricing On Now!
  • YouTube: Chainalysis YouTube page
  • Twitter: Chainalysis Twitter: Building trust in blockchain
  • Tik Tok: Building trust in #blockchains among people, businesses, and governments
  • Telegram: Chainalysis on Telegram
  • Speakers on today’s episode
    • Ian Andrews * Host * (Chief Marketing Officer, Chainalysis) 
  • Nicola Staub (CEO and Co-Founder, CYBERA)
  • This website may contain links to third-party sites that are not under the control of Chainalysis, Inc. or its affiliates (collectively “Chainalysis”). Access to such information does not imply association with, endorsement of, approval of, or recommendation by Chainalysis of the site or its operators, and Chainalysis is not responsible for the products, services, or other content hosted therein.

    Our podcasts are for informational purposes only, and are not intended to provide legal, tax, financial, or investment advice. Listeners should consult their own advisors before making these types of decisions. Chainalysis has no responsibility or liability for any decision made or any other acts or omissions in connection with your use of this material.

    Chainalysis does not guarantee or warrant the accuracy, completeness, timeliness, suitability or validity of the information in any particular podcast and will not be responsible for any claim attributable to errors, omissions, or other inaccuracies of any part of such material. 

    Unless stated otherwise, reference to any specific product or entity does not constitute an endorsement or recommendation by Chainalysis. The views expressed by guests are their own and their appearance on the program does not imply an endorsement of them or any entity they represent. Views and opinions expressed by Chainalysis employees are those of the employees and do not necessarily reflect the views of the company. 

     

     

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    Public KeyBy Chainalysis

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